Poway's StoneRidge club to be sold

POWAY  Poway’s StoneRidge Country Club has been foreclosed upon and will be put up for public auction on April 17.

A legal notice published Thursday said the property is being sold for the purpose of paying obligations secured by the Deed of Trust and that the total amount of the unpaid principal balance, interest, together with costs, expenses and advances is $6.4 million.

The property will go to the highest bidder.

Meanwhile the country club remains open.

Poway City Manager Penny Riley said Friday that whoever buys StoneRidge will not be able to develop the property under current zoning laws and it will have to remain a golf course and country club.

StoneRidge has been having financial problems for years, hit hard by rising water costs and the downturn in the economy, which has been brutal on golf courses nationwide.

The country club has been owned since 2007 by La Jolla Development Group LLC of San Marcos. However, the businesses’ phones have been disconnected and the building that once housed its offices is locked and vacant.

The company at one time also owned the Lake San Marcos Resort and Country Club and the Escondido Country Club, but bankruptcy filings followed and the two properties have since been sold.

The new owners of the Escondido Country Club want to close it and build houses on the land.

The private StoneRidge Country Club, in northern Poway off Espola Road, includes a Ted Robinson designed 18-hole golf course, tennis courts, a 25-meter swimming pool, wading pool and Jacuzzi.